Cocoa Prices Sharply Higher on West African Crop Concerns

Cocoa Prices Hit 6-Month Highs As West African Floods And El Niño Threaten Global Supply

September ICE NY cocoa (CCU26) closed up 65 points, or 1.14%, on Tuesday, while September ICE London cocoa #7 (CAU26) gained 43 points, or 1.02%. Cocoa prices have now extended a sharp three-week rally, reaching their highest levels in six months as supply concerns intensify across West Africa. Heavy rains in the Ivory Coast and Ghana have flooded roads, cutting off farmers’ access to both farms and ports and raising serious concerns about globa…

Cocoa Prices Sharply Higher on West African Crop Concerns

September ICE NY cocoa (CCU26 ) on Wednesday closed up +293 (+5.09%), and September ICE London cocoa #7 (CAU26 ) closed up +228 (+5.35%). Cocoa prices settled sharply higher for a third session on Wednesday, with NY cocoa posting a 6-month high and London cocoa posting a 7-month high. Cocoa...